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$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business

Govt mulls raising Rs 1 lakh default threshold for invoking IBC:...

The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti...

14 Oct 2019 10:18 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI re-enters top-10 most valued firms list; replaces Bajaj Finance

The bank had on October 1 lost its spot to Bajaj Finance in the coveted club of top-10 most valued domestic companies.

14 Oct 2019 9:54 PM IST

As per the Central Statistics Office (CSO) data inflation in vegetables contracted by 2.19 per cent last month, compared to 7.8 per cent in June.

Retail inflation rises to 3.99 pc in Sep on costlier food items

The price rise in the food basket was recorded at 5.11 per cent in September, as against 2.99 per cent in the preceding...

14 Oct 2019 9:46 PM IST

Paytm Mall is giving top players like Amazon and Flipkart a run for their money with its 100 per cent cashback policy. Photo: Twitter| @PaytmMall

Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma

Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts...

14 Oct 2019 8:38 PM IST

Traders body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

CAIT seeks govt audit into business models of Amazon, Flipkart

...both Amazon and Flipkart in a clandestine manner refuted the issues raised by us even after showing relevant...

14 Oct 2019 8:06 PM IST

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

RBI raises PMC Bank customers' withdrawal limit to Rs 40,000

With this, about 77 per cent of the depositors will be able to withdraw their entire account balance, said RBI.

14 Oct 2019 7:56 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee drops 21 paise to 3-week low on fading US-China deal optimism

Weak Chinese trade data also weighed on the domestic currency, analysts said.

14 Oct 2019 7:43 PM IST

HDFC lowers lending rates by 10 bps to 8.25 per cent

The interest rate will range from 8.25 to 8.65 percent depending on the borrower.

14 Oct 2019 7:35 PM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex pares gains, ends 87 points higher; Nifty closes at 11,330

During the day, the index hit a high and low of 38,513.69 and 38,066.13.

14 Oct 2019 4:09 PM IST

IRL is a concept designed by Walmarts tech incubator Store No. 8, which runs several ventures to test new ideas in retail.

Walmart to expand footprint in UP, open 6 new stores

The new stores will be in addition to 4 existing stores the company operates in the state -- two in Agra and one each in...

14 Oct 2019 3:36 PM IST

Adani Infrastructure

Energy giant Total to buy 37 per cent stake in Adani Gas

Total is the third foreign oil major to enter India's gas sector after BP Plc and Shell.

14 Oct 2019 3:29 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 81,700 cr disbursed by banks during 9-day loan mela: FinMin

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the...

14 Oct 2019 2:45 PM IST